Japan's core CPI rose 2.7%, its lowest gain in nine months

According to Kim Ho data, Japan's core CPI rose 2.7% in the year to August, higher than the Bank of Japan's 2% target, but the lowest gain in nine months. This shows that Japanese families have been relieved from the rising cost of living. The data will be one of the factors that the Bank of Japan carefully reviewed at its two-day meeting ended on Friday. It is widely expected that the Bank of Japan's committee will stabilize interest rates at 0.5% at its meeting.